Share:

In this video, I share one of my favorite Price Action Trading Strategies for forex - Round Number Trading

 

Past performance is not indicative of future results. Trading forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial advisor if you have any doubts.

Editors’ Picks

EUR/USD churns chart paper but makes little progress ahead of Wednesday’s German CPI inflation

EUR/USD churns chart paper but makes little progress ahead of Wednesday’s German CPI inflation

EUR/USD rose to an intraday high near 1.0890 on Tuesday before market flows dragged the pair back down to familiar levels near 1.0860, and the pair is holding on-balance as Euro traders head into a fresh print of German Consumer Price Index inflation. 

EUR/USD News

GBP/USD turns negative near 1.2760

GBP/USD turns negative near 1.2760

Following the early move to multi-week tops around 1.2800 the figure, GBP/USD lost impetus pari passu with the late rebound in the US Dollar against the backdrop of a marked improvement in US yields, dwindling rate cut bets and hawkish Fedspeak.

GBP/USD News

USD/JPY trades firm above 157.00 amid dovish BoJ commentary, USD strength

USD/JPY trades firm above 157.00 amid dovish BoJ commentary, USD strength

USD/JPY is trading on a positive footing, comfortable above 157.00 in the Asian session on Wednesday. The pair holds higher ground after dovish comments from BoJ's official Adachi. Broad US Dollar strength also adds to the upside in the pair amid a risk-off environment. 

USD/JPY News

Editors’ Picks

AUD/USD defends gains near 0.6650 after mixed Australian data

AUD/USD defends gains near 0.6650 after mixed Australian data

AUD/USD caught a brief bid wave and edged toward 0.6700 after Australian CPI unexpectedly ticked higher to 3.6% YoY in April. However, a surprise drop in the country's Construction Output for Q1 curbs the Aussie's enthusiasm. A cautious mood also acts as a headwind for the pair. 

AUD/USD News

USD/JPY trades firm above 157.00 amid dovish BoJ commentary, USD strength

USD/JPY trades firm above 157.00 amid dovish BoJ commentary, USD strength

USD/JPY is trading on a positive footing, comfortable above 157.00 in the Asian session on Wednesday. The pair holds higher ground after dovish comments from BoJ's official Adachi. Broad US Dollar strength also adds to the upside in the pair amid a risk-off environment. 

USD/JPY News

Gold price gives up gains amid Fed’s hawkish remarks

Gold price gives up gains amid Fed’s hawkish remarks

Gold price snaps the three-day winning streak on Wednesday amid the modest rebound of the Greenback. Additionally, the hawkish remarks from several Federal Reserve officials and stronger-than-expected US economic data diminish expectations of the Fed rate cut in September. 

Gold News

Bitcoin long-term holders begin re-accumulation after Semler Scientific and Mt Gox make major whale moves

Bitcoin long-term holders begin re-accumulation after Semler Scientific and Mt Gox make major whale moves

Bitcoin declined briefly from the $70,000 mark on Tuesday as Semler Scientific and Mt Gox made notable whale moves. Glassnode also shared key on-chain insights that breathe clarity into the market's current state.

Read more

Inflation week: Eyes on Germany’s numbers, Eurozone and the US PCE

Inflation week: Eyes on Germany’s numbers, Eurozone and the US PCE

Today we get Germany’s numbers and on Friday, both the Eurozone and the US PCE. For the Eurozone, expectations are for core to remain the same at 2.7% and for the ECB to cut in June. This is being named a “hawkish cut,” one of those inherently self-contradictory terms.

Read more

RECOMMENDED LESSONS

7 Ways to Avoid Forex Scams

The forex industry is recently seeing more and more scams. Here are 7 ways to avoid losing your money in such scams: Forex scams are becoming frequent. Michael Greenberg reports on luxurious expenses, including a submarine bought from the money taken from forex traders. Here’s another report of a forex fraud. So, how can we avoid falling in such forex scams?

What Are the 10 Fatal Mistakes Traders Make

Trading is exciting. Trading is hard. Trading is extremely hard. Some say that it takes more than 10,000 hours to master. Others believe that trading is the way to quick riches. They might be both wrong. What is important to know that no matter how experienced you are, mistakes will be part of the trading process.

Strategy

Money Management

Psychology